Sentences with phrase «subprime residential»

«There's no indication that the kinds of problems in the subprime residential market are happening in the commercial mortgage market,» he says.

«A lot of CMBS loans were placed just like the subprime residential loans were placed — on projections of future value,» says Clemente, whose firm sold a handful of properties in the Washington, D.C., area at the top of the market for $ 200 million.

Among the most battered companies is New Century Financial Corp., which invested heavily in subprime residential mortgages and filed for bankruptcy protection in early April.

For instance, Fieldstone Investment Corp., a subprime residential lender based in Columbia, Md., posted a return of negative 11.19 % in the first quarter of 2007, according to SNL Financial.

Subprime residential mortgages more than 90 days delinquent or in the foreclosure process, for example, hit 9.27 % in the second quarter, a year - over-year increase of 304 basis points, according to the latest delinquency survey by the Mortgage Bankers Association.

Agitation over the subprime residential mortgage debacle bled into the commercial real estate debt markets this summer, effectively strangling liquidity.

This was the important post made on November 22, 2006 that forecast some of the troubles in the subprime residential mortgage backed securities market.

The illiquidity of the securitized Subprime Residential Mortgage ABS highlighted the slowness of pricing signals, as matrix pricing was slow to pick up the decay in value, given the sparseness of trades.

Also, there was Wrecking Ball Looms for Big Housing Spec on 11/27/06, where I explained why it was likely that the subprime residential mortgage market was likely to blow up (can't find the draft of that one).

Think of AIG: they were rendered insolvent by rising margin requirements as their creditworthiness was downgraded, largely because the rating agencies concluded they were going to lose a lot of money off of their many bets on subprime residential credit.

«Concerning residential real estate loans, between about 70 percent and 80 percent of domestic respondents expect the quality of their prime, nontraditional, and subprime residential mortgage loans, as well as of their revolving home equity loans, to deteriorate in 2008.

According to the latest Senior Loan Officer Opinion Survey on Bank Lending Practices, «significant numbers of domestic respondents reported that they had tightened their lending standards on prime, nontraditional, and subprime residential mortgages over the past three months; the remaining respondents noted that their lending standards had remained basically unchanged.

According to the Fed's October 2007 Senior Loan Officer Opinion Survey on Bank Lending Practices, the study found that «significant numbers of domestic respondents reported that they had tightened their lending standards on prime, nontraditional, and subprime residential mortgages over the past three months; the remaining respondents indicated that their lending standards had remained basically unchanged.

Few insurers bought any subprime residential securitizations after 2004.

When the great normalisation finally came (starting with rising risk - free real and nominal long - term rates and rising risk - free nominal short - term rates, and picking up steam with the normalisation of credit risk spreads, starting from the US subprime residential mortgage markets and derivatives based on them), a growing number of these highly leveraged open positions went belly - up.

The Justice Department also disseminated a scathing press release on Thursday evening in which it excoriated the conduct of the bank and named two executives that are being charged: Paul K. Menefee, who served as Barclays» head banker on its subprime residential mortgage backed securitizations and John T. Carroll who served as Barclays» head trader for subprime loan acquisitions.

Not exact matches

Most recently, he was a Senior Managing Director in the Fixed Income Group, where he specialized in the development and distribution of structured products secured by a variety of residential mortgages, including prime, alt - a and subprime.

As with residential mortgages generally, subprime mortgages were even more set up for failure.

So, in an attempt to highlight why the total residential mortgage risk exposure is so much greater than anybody's expectations, this report drills down on Prime, Alt - A and Subprime allowable debt - to - income (DTI) ratios that were made ridiculously lax relative to pre and post 2003 — 2007.

Subprime loans are a very modest portion of residential real estate finance.

I believe they will still do that, largely because of the effect that falling housing prices will have on the credit of the residential mortgage market, and not just Subprime, but Alt - A, and Prime loans as well.

We provide private, short - term California direct hard money loans for real estate investors for various real estate transactions such as fix and flip / rehab loans, trustee sale refinances, distressed property loans (REO loans, short sale loans, foreclosure loans), hard money business loans, real estate auctions that allow financing, private party transactions, estate, probate and trust loans, residential construction loans, cash out refinance loans, subprime loans, reverse mortgage refinance loans, bridge loans and other investment property loans.

I think of all of the people decided not to take equity risk during 2000 - 2007, and decided to invest in residential real estate, or take risk through CDOs, subprime RMBS, etc..

Troubles in subprime and Alt - A lending are leading to declines in US residential real estate prices.

As with residential mortgages generally, subprime mortgages were even more set up for failure.

I wrote for several years as RM about overleveraging credit, mis - hedging, yield - seeking, over-investment in residential real estate (May 2005), subprime lending (November 2006), quantitative strategies gone awry, etc..

When he describes residential mortgage securitization on page 117, the mezzanine and subordinated tranches are too large, even for subprime.

(It's the corporate - issued debt, specifically residential debt, where exposure to the troublesome subprime mortgage debt exists.)

ALT - A A classification used to describe residential mortgage loans that are considered to be slightly less risky than «subprime» loans.

Through Oct. 23, apartment REIT shares plunged by 11.9 % due in large part to the subprime lending meltdown in the residential sector that scared many...

A rise of subprime loan defaults earlier this year has all but bottled up the residential and commercial debt markets.

After all, commercial real estate remains strong despite the subprime mortgage problems that have plagued residential sales.

Some residential mortgage REITs, though NAREIT can't say how many, have invested in subprime loans, or loans to borrowers with weak credit ratings.

Relying on composite numbers to understand what's happening in the residential mortgage REIT market can be misleading, says Bose George, an equity analyst who specializes in mortgage REITs and subprime lenders at Keefe, Bruyette & Woods Inc. in New York City.

After the subprime lending fallout in the residential sector, investors began to scrutinize other investments.

Some predict that within the next several years, many residential mortgage REITs operating today — even some with little exposure to subprime loans — will disappear as a result of mergers, acquisitions, bankruptcy, or dissolution triggered by problems related to subprime loans.

Buyers of distressed debt are benefiting from the residential subprime mortgage crisis, which spilled into the CMBS market and virtually shut it down.

Source Capital is a direct premier subprime, private money lender in Oregon that specializes in funding of commercial and residential real estate subprime and hard money loans.

The implosion of the subprime lending market in residential real estate first began to emerge in February, throwing the debt markets into a tizzy globally.

Ripple effects of subprime A slowdown in the residential sector has had an immediate effect on the TIC industry.